From Wikipedia, the free encyclopedia
The Tariff of 1833 (also known as the Compromise Tariff of 1833, ch. 55, 4 Stat. 629) was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis. It was adopted to gradually reduce the rates after southerners objected to the protectionism found in the Tariff of 1832 and the 1828 Tariff of Abominations, which had prompted South Carolina to threaten secession from the Union. This Act stipulated that import taxes would gradually be cut over the next decade until, by 1842, they matched the levels set in the Tariff of 1816--an average of 20%. The compromise reductions lasted only two months into their final stage before protectionism was reinstated by the Black Tariff of 1842.
[edit] See also
